Quiz 8th

Patrick Inc. makes industrial solvents. Budgeted direct labor hours for the first three
months of the coming year are:
January 13,140
February 12,300
March 15,075

 The variable overhead rate is $0.80 per direct labor hour. Fixed overhead is
budgeted at $2,990 per month.

 Required:
Prepare an overhead budget for the months of January, February, and March, as well
as the total for the first quarter